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A New Mexico file is paused during a company policy update because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

D) New Mexico Financial Institutions Division has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

New Mexico Financial Institutions Division has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Answer Options
A
Skip the New Mexico requirement because the company already follows general SAFE Act procedures.
B
Treat licensing and NMLS authority as optional because the company has a general New Mexico compliance policy.
C
Postpone the New Mexico licensing and NMLS authority issue until the next annual review.
D
New Mexico Financial Institutions Division has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Why This Is the Correct Answer

New Mexico Financial Institutions Division has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

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